XML 34 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loans and Allowance (Tables)
 9 Months Ended
Sep. 30, 2016
Loans and Allowance [Abstract]  
Schedule of Classes of Loans

Classes of loans at September 30, 2016 and December 31, 2015 include:    





 

 

 

 

 



 

 

 

 

 



September 30,

 

December 31,



2016

 

2015

Real estate

 

 

 

 

 

Commercial

$

 271,797 

 

$

 236,895 

Commercial construction and development

 

 20,415 

 

 

 15,744 

Consumer closed end first mortgage

 

 477,386 

 

 

 491,451 

Consumer open end and junior liens

 

 70,411 

 

 

 70,990 



 

 840,009 

 

 

 815,080 

Other loans

 

 

 

 

 

Consumer loans

 

 

 

 

 

Auto

 

 18,560 

 

 

 15,480 

Boat/RVs

 

 142,045 

 

 

 123,621 

Other

 

 5,943 

 

 

 6,171 

Commercial and industrial

 

 133,390 

 

 

 123,043 



 

 299,938 

 

 

 268,315 

Total loans

 

 1,139,947 

 

 

 1,083,395 

Undisbursed loans in process

 

 (10,607)

 

 

 (7,432)

Unamortized deferred loan costs, net

 

 5,536 

 

 

 4,882 

Allowance for loan losses

 

 (12,587)

 

 

 (12,641)

Net loans

$

 1,122,289 

 

$

 1,068,204 



Non-Accrual Loans Segregated by Class of Loans



Nonaccrual loans, segregated by class of loans, as of September 30, 2016 and December 31, 2015 are as follows:





 

 

 

 

 



 

 

 

 

 



September 30,

 

December 31,



2016

 

2015

Real estate

 

 

 

 

 

Commercial

$

 1,230 

 

$

 2,356 

Commercial construction and development

 

 -

 

 

 -

Consumer closed end first mortgage

 

 3,704 

 

 

 3,592 

Consumer open end and junior liens

 

 231 

 

 

 783 

Consumer loans

 

 

 

 

 

Auto

 

 3 

 

 

 -

Boat/RVs

 

 113 

 

 

 81 

Other

 

 62 

 

 

 67 

Commercial and industrial

 

 13 

 

 

 25 

Total nonaccrual loans

$

 5,356 

 

$

 6,904 



Age Analysis of Past Due Loans Segregated by Class of Loans



An age analysis of the Company’s past due loans, segregated by class of loans, as of September 30, 2016 and December 31, 2015 are as follows:





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 30, 2016



 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days Past Due and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 96 

 

$

 -

 

$

 1,098 

 

$

 1,194 

 

$

 270,603 

 

$

 271,797 

 

$

 -

Commercial construction and development

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 20,415 

 

 

 20,415 

 

 

 -

Consumer closed end first mortgage

 

 9,147 

 

 

 1,200 

 

 

 3,920 

 

 

 14,267 

 

 

 463,119 

 

 

 477,386 

 

 

 444 

Consumer open end and junior liens

 

 758 

 

 

 120 

 

 

 174 

 

 

 1,052 

 

 

 69,359 

 

 

 70,411 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 95 

 

 

 35 

 

 

 16 

 

 

 146 

 

 

 18,414 

 

 

 18,560 

 

 

 13 

Boat/RVs

 

 1,170 

 

 

 361 

 

 

 98 

 

 

 1,629 

 

 

 140,416 

 

 

 142,045 

 

 

 21 

Other

 

 104 

 

 

 17 

 

 

 26 

 

 

 147 

 

 

 5,796 

 

 

 5,943 

 

 

 -

Commercial and industrial

 

 74 

 

 

 462 

 

 

 24 

 

 

 560 

 

 

 132,830 

 

 

 133,390 

 

 

 -

Total

$

 11,444 

 

$

 2,195 

 

$

 5,356 

 

$

 18,995 

 

$

 1,120,952 

 

$

 1,139,947 

 

$

 478 











 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days Past Due and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 922 

 

$

 20 

 

$

 2,212 

 

$

 3,154 

 

$

 233,741 

 

$

 236,895 

 

$

 -

Commercial construction and development

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 15,744 

 

 

 15,744 

 

 

 -

Consumer closed end first mortgage

 

 7,272 

 

 

 1,328 

 

 

 3,091 

 

 

 11,691 

 

 

 479,760 

 

 

 491,451 

 

 

 267 

Consumer open end and junior liens

 

 296 

 

 

 187 

 

 

 765 

 

 

 1,248 

 

 

 69,742 

 

 

 70,990 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 89 

 

 

 -

 

 

 -

 

 

 89 

 

 

 15,391 

 

 

 15,480 

 

 

 -

Boat/RVs

 

 1,135 

 

 

 102 

 

 

 71 

 

 

 1,308 

 

 

 122,313 

 

 

 123,621 

 

 

 -

Other

 

 89 

 

 

 14 

 

 

 62 

 

 

 165 

 

 

 6,006 

 

 

 6,171 

 

 

 -

Commercial and industrial

 

 192 

 

 

 383 

 

 

 5 

 

 

 580 

 

 

 122,463 

 

 

 123,043 

 

 

 -

Total

$

 9,995 

 

$

 2,034 

 

$

 6,206 

 

$

 18,235 

 

$

 1,065,160 

 

$

 1,083,395 

 

$

 267 



Impaired Loans

The following tables present impaired loans as of and for the three and nine month periods ended September 30, 2016 and 2015 and the year ended December 31, 2015. 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 30, 2016



Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans - QTR

 

Average Investment in Impaired Loans - YTD

 

Interest Income Recognized - QTR

 

Interest Income Recognized - YTD

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 1,143 

 

$

 1,143 

 

$

 -

 

$

 2,018 

 

$

 2,596 

 

$

 19 

 

$

 67 

Commercial construction and development

 

 827 

 

 

 827 

 

 

 -

 

 

 841 

 

 

 887 

 

 

 9 

 

 

 30 

Consumer closed end first mortgage

 

 1,396 

 

 

 1,396 

 

 

 -

 

 

 1,262 

 

 

 1,194 

 

 

 -

 

 

 -

Consumer open end and junior liens

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 241 

 

 

 -

 

 

 -

Commercial and industrial

 

 194 

 

 

 194 

 

 

 -

 

 

 197 

 

 

 204 

 

 

 -

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 284 

 

 

 284 

 

 

 123 

 

 

 359 

 

 

 491 

 

 

 -

 

 

 1 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 1,427 

 

$

 1,427 

 

$

 123 

 

$

 2,377 

 

$

 3,087 

 

$

 19 

 

$

 68 

Commercial construction and development

$

 827 

 

$

 827 

 

$

 -

 

$

 841 

 

$

 887 

 

$

 9 

 

$

 30 

Consumer closed end first mortgage

$

 1,396 

 

$

 1,396 

 

$

 -

 

$

 1,262 

 

$

 1,194 

 

$

 -

 

$

 -

Consumer open end and junior liens

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 241 

 

$

 -

 

$

 -

Commercial and industrial

$

 194 

 

$

 194 

 

$

 -

 

$

 197 

 

$

 204 

 

$

 -

 

$

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

 3,844 

 

$

 3,844 

 

$

 123 

 

$

 4,677 

 

$

 5,613 

 

$

 28 

 

$

 98 







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans

 

Interest Income Recognized

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 3,608 

 

$

 3,608 

 

$

 -

 

$

 4,115 

 

$

 172 

Commercial construction and development

 

 595 

 

 

 595 

 

 

 -

 

 

 735 

 

 

 31 

Consumer closed end first mortgage

 

 1,126 

 

 

 1,126 

 

 

 -

 

 

 1,131 

 

 

 -

Consumer open end and junior liens

 

 481 

 

 

 481 

 

 

 -

 

 

 381 

 

 

 -

Commercial and industrial

 

 214 

 

 

 214 

 

 

 -

 

 

 423 

 

 

 2 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 676 

 

 

 676 

 

 

 100 

 

 

 793 

 

 

 20 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 4,284 

 

$

 4,284 

 

$

 100 

 

$

 4,908 

 

$

 192 

Commercial construction and development

$

 595 

 

$

 595 

 

$

 -

 

$

 735 

 

$

 31 

Consumer closed end first mortgage

$

 1,126 

 

$

 1,126 

 

$

 -

 

$

 1,131 

 

$

 -

Consumer open end and junior liens

$

 481 

 

$

 481 

 

$

 -

 

$

 381 

 

$

 -

Commercial and industrial

$

 214 

 

$

 214 

 

$

 -

 

$

 423 

 

$

 2 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

 6,700 

 

$

 6,700 

 

$

 100 

 

$

 7,578 

 

$

 225 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 30, 2015



Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans - QTR

 

Average Investment in Impaired Loans - YTD

 

Interest Income Recognized - QTR

 

Interest Income Recognized - YTD

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 4,105 

 

$

 4,105 

 

$

 -

 

$

 4,228 

 

$

 4,241 

 

$

 40 

 

$

 135 

Commercial construction and development

 

 649 

 

 

 1,155 

 

 

 -

 

 

 648 

 

 

 770 

 

 

 8 

 

 

 23 

Consumer closed end first mortgage

 

 1,126 

 

 

 1,126 

 

 

 -

 

 

 1,127 

 

 

 1,133 

 

 

 -

 

 

 -

Consumer open end and junior liens

 

 476 

 

 

 476 

 

 

 -

 

 

 476 

 

 

 357 

 

 

 -

 

 

 -

Commercial and industrial

 

 219 

 

 

 219 

 

 

 -

 

 

 221 

 

 

 475 

 

 

 -

 

 

 2 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 820 

 

 

 820 

 

 

 100 

 

 

 820 

 

 

 822 

 

 

 -

 

 

 20 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 4,925 

 

$

 4,925 

 

$

 100 

 

$

 5,048 

 

$

 5,063 

 

$

 40 

 

$

 155 

Commercial construction and development

$

 649 

 

$

 1,155 

 

$

 -

 

$

 648 

 

$

 770 

 

$

 8 

 

$

 23 

Consumer closed end first mortgage

$

 1,126 

 

$

 1,126 

 

$

 -

 

$

 1,127 

 

$

 1,133 

 

$

 -

 

$

 -

Consumer open end and junior liens

$

 476 

 

$

 476 

 

$

 -

 

$

 476 

 

$

 357 

 

$

 -

 

$

 -

Commercial and industrial

$

 219 

 

$

 219 

 

$

 -

 

$

 221 

 

$

 475 

 

$

 -

 

$

 2 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

 7,395 

 

$

 7,901 

 

$

 100 

 

$

 7,520 

 

$

 7,798 

 

$

 48 

 

$

 180 



Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 30, 2016



 

Commercial

 

Consumer

 

 

 



 

Pass

 

Special Mention

 

Substandard

 

Doubtful

 

Pass

 

Special Mention

 

Substandard

 

Total

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

 263,502 

 

$

 4,416 

 

$

 3,850 

 

$

 29 

 

 

 

 

 

 

 

 

 

 

$

 271,797 

Commercial construction and development

 

 

 19,696 

 

 

 298 

 

 

 421 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 20,415 

Consumer closed end first mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 471,773 

 

$

 -

 

$

 5,613 

 

 

 477,386 

Consumer open end and junior liens

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 70,065 

 

 

 -

 

 

 346 

 

 

 70,411 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 18,553 

 

 

 -

 

 

 7 

 

 

 18,560 

Boat/RVs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 141,847 

 

 

 -

 

 

 198 

 

 

 142,045 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 5,887 

 

 

 -

 

 

 56 

 

 

 5,943 

Commercial and industrial

 

 

 130,751 

 

 

 2,477 

 

 

 162 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 133,390 



 

$

 413,949 

 

$

 7,191 

 

$

 4,433 

 

$

 29 

 

$

 708,125 

 

$

 -

 

$

 6,220 

 

$

 1,139,947 









 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



 

Commercial

 

Consumer

 

 

 



 

Pass

 

Special Mention

 

Substandard

 

Doubtful

 

Pass

 

Special Mention

 

Substandard

 

Total

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

 226,439 

 

$

 4,137 

 

$

 6,319 

 

$

 -

 

 

 

 

 

 

 

 

 

 

$

 236,895 

Commercial construction and development

 

 

 13,986 

 

 

 1,309 

 

 

 449 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 15,744 

Consumer closed end first mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 484,658 

 

$

 -

 

$

 6,793 

 

 

 491,451 

Consumer open end and junior liens

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 70,086 

 

 

 -

 

 

 904 

 

 

 70,990 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 15,480 

 

 

 -

 

 

 -

 

 

 15,480 

Boat/RVs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 123,490 

 

 

 -

 

 

 131 

 

 

 123,621 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 6,097 

 

 

 -

 

 

 74 

 

 

 6,171 

Commercial and industrial

 

 

 119,540 

 

 

 3,300 

 

 

 203 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 123,043 



 

$

 359,965 

 

$

 8,746 

 

$

 6,971 

 

$

 -

 

$

 699,811 

 

$

 -

 

$

 7,902 

 

$

 1,083,395 



Activity in Allowance for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the three and nine month periods ended September 30, 2016 and 2015, respectively.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other segments.



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30, 2016



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

 7,132 

 

$

 2,589 

 

$

 2,883 

 

$

 12,604 

Provision charged (credited) to expense

 

 97 

 

 

 (47)

 

 

 200 

 

 

 250 

Losses charged off

 

 (55)

 

 

 (125)

 

 

 (225)

 

 

 (405)

Recoveries

 

 75 

 

 

 4 

 

 

 59 

 

 

 138 

Balance, end of period

$

 7,249 

 

$

 2,421 

 

$

 2,917 

 

$

 12,587 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Nine Months Ended September 30, 2016



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$

 7,090 

 

$

 2,683 

 

$

 2,868 

 

$

 12,641 

Provision charged to expense

 

 168 

 

 

 38 

 

 

 394 

 

 

 600 

Losses charged off

 

 (88)

 

 

 (309)

 

 

 (563)

 

 

 (960)

Recoveries

 

 79 

 

 

 9 

 

 

 218 

 

 

 306 

Balance, end of period

$

 7,249 

 

$

 2,421 

 

$

 2,917 

 

$

 12,587 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30, 2015



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

 6,825 

 

$

 3,318 

 

$

 2,763 

 

$

 12,906 

Provision charged (credited) to expense

 

 (248)

 

 

 83 

 

 

 165 

 

 

 -

Losses charged off

 

 (4)

 

 

 (154)

 

 

 (140)

 

 

 (298)

Recoveries

 

 76 

 

 

 33 

 

 

 40 

 

 

 149 

Balance, end of period

$

 6,649 

 

$

 3,280 

 

$

 2,828 

 

$

 12,757 









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Nine Months Ended September 30, 2015



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$

 7,085 

 

$

 3,471 

 

$

 2,612 

 

$

 13,168 

Provision charged (credited) to expense

 

 (846)

 

 

 321 

 

 

 525 

 

 

 -

Losses charged off

 

 (4)

 

 

 (545)

 

 

 (461)

 

 

 (1,010)

Recoveries

 

 414 

 

 

 33 

 

 

 152 

 

 

 599 

Balance, end of period

$

 6,649 

 

$

 3,280 

 

$

 2,828 

 

$

 12,757 





The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of September 30, 2016 and 2015, and December 31, 2015.



 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



September 30, 2016



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance balances

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 123 

 

$

 -

 

$

 -

 

$

 123 

Collectively evaluated for impairment

 

 7,126 

 

 

 2,421 

 

 

 2,917 

 

 

 12,464 

Total allowance for loan losses

$

 7,249 

 

$

 2,421 

 

$

 2,917 

 

$

 12,587 

Loan balances

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 2,448 

 

$

 1,396 

 

$

 -

 

$

 3,844 

Collectively evaluated for impairment

 

 423,154 

 

 

 475,990 

 

 

 236,959 

 

 

 1,136,103 

Gross loans

$

 425,602 

 

$

 477,386 

 

$

 236,959 

 

$

 1,139,947 











 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



September 30, 2015



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance balances

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 100 

 

$

 -

 

$

 -

 

$

 100 

Collectively evaluated for impairment

 

 6,549 

 

 

 3,280 

 

 

 2,828 

 

 

 12,657 

Total allowance for loan losses

$

 6,649 

 

$

 3,280 

 

$

 2,828 

 

$

 12,757 

Loan balances

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 5,793 

 

$

 1,126 

 

$

 476 

 

$

 7,395 

Collectively evaluated for impairment

 

 341,122 

 

 

 498,697 

 

 

 214,242 

 

 

 1,054,061 

Gross loans

$

 346,915 

 

$

 499,823 

 

$

 214,718 

 

$

 1,061,456 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



Commercial

 

Mortgage

 

Consumer

 

Total

Allowance balances

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 100 

 

$

 -

 

$

 -

 

$

 100 

Collectively evaluated for impairment

 

 6,990 

 

 

 2,683 

 

 

 2,868 

 

 

 12,541 

Total allowance for loan losses

$

 7,090 

 

$

 2,683 

 

$

 2,868 

 

$

 12,641 

Loan balances

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 5,093 

 

$

 1,126 

 

$

 481 

 

$

 6,700 

Collectively evaluated for impairment

 

 370,589 

 

 

 490,325 

 

 

 215,781 

 

 

 1,076,695 

Gross loans

$

 375,682 

 

$

 491,451 

 

$

 216,262 

 

$

 1,083,395 



Troubled Debts Restructured

The following tables describe troubled debts restructured during the three and nine month periods ended September 30, 2016 and 2015:





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended



September 30, 2016

 

September 30, 2015



No. of Loans

 

Pre-Modification Recorded Balance

 

Post-Modification Recorded Balance

 

No. of Loans

 

Pre-Modification Recorded Balance

 

Post-Modification Recorded Balance

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 1 

 

$

 406 

 

$

406 

 

 -

 

$

 -

 

$

 -

Consumer closed end first mortgage

 1 

 

 

 11 

 

 

12 

 

 1 

 

 

 11 

 

 

11 

Consumer open end and junior liens

 1 

 

 

 39 

 

 

39 

 

 3 

 

 

 51 

 

 

51 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Nine Months Ended



September 30, 2016

 

September 30, 2015



No. of Loans

 

Pre-Modification Recorded Balance

 

Post-Modification Recorded Balance

 

No. of Loans

 

Pre-Modification Recorded Balance

 

Post-Modification Recorded Balance

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 1 

 

$

 406 

 

$

406 

 

 3 

 

$

 1,992 

 

$

1,990 

Construction and development

 -

 

 

 -

 

 

 -

 

 1 

 

 

 155 

 

 

134 

Consumer closed end first mortgage

 10 

 

 

 565 

 

 

581 

 

 6 

 

 

 254 

 

 

251 

Consumer open end and junior liens

 1 

 

 

 39 

 

 

39 

 

 3 

 

 

 51 

 

 

51 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 1 

 

 

 4 

 

 

4 

 

 -

 

 

 -

 

 

 -

Boat/RVs

 3 

 

 

 56 

 

 

56 

 

 -

 

 

 -

 

 

 -

Commercial and industrial

 1 

 

 

 83 

 

 

83 

 

 1 

 

 

 88 

 

 

83 



Newly Restructured Loans by Types

Newly restructured loans by type for the three and nine months ended September 30, 2016 and 2015 are as follows:



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30, 2016



 

Rate

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 406 

 

$

 -

 

$

 406 

Consumer closed end first mortgage

 

 -

 

 

 -

 

 

 12 

 

 

 12 

Consumer open end and junior liens

 

 -

 

 

 -

 

 

 39 

 

 

 39 





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30, 2015



 

Rate

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Consumer closed end first mortgage

$

 -

 

$

 11 

 

$

 -

 

$

 11 

Consumer open end and junior liens

 

 -

 

 

 51 

 

 

 -

 

 

 51 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Nine Months Ended September 30, 2016



 

Rate

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 406 

 

$

 -

 

$

 406 

Construction and development

 

 -

 

 

 -

 

 

 -

 

 

 -

Consumer closed end first mortgage

 

 -

 

 

 47 

 

 

 534 

 

 

 581 

Consumer open end and junior liens

 

 -

 

 

 -

 

 

 39 

 

 

 39 



 

 

 

 

 

 

 

 

 

 

 

Other loans

 

 

 

 

 

 

 

 

 

 

 

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 -

 

 

 -

 

 

 4 

 

 

 4 

Boat/RVs

 

 -

 

 

 48 

 

 

 8 

 

 

 56 

Commercial and industrial

 

 -

 

 

 83 

 

 

 -

 

 

 83 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Nine Months Ended September 30, 2015



 

Rate

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 1,990 

 

$

 -

 

$

 1,990 

Construction and development

 

 -

 

 

 -

 

 

 134 

 

 

 134 

Consumer closed end first mortgage

 

 -

 

 

 11 

 

 

 240 

 

 

 251 

Consumer open end and junior liens

 

 -

 

 

 51 

 

 

 -

 

 

 51 

Commercial and industrial

 

 -

 

 

 83 

 

 

 -

 

 

 83 



Troubled Debts Restructured Defaulted

The following tables describe troubled debts restructured that defaulted during the three and nine month periods ended September 30, 2016.  There were no defaults on loans modified as troubled debt restructurings made in the three and nine months ended September 30, 2015.  Defaults are defined as any loans that become 90 days past due.    





 

 

 

 



 

 

 

 



Three Months Ended September 30, 2016



No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage

 4 

 

$

 133 









 

 

 

 



 

 

 

 



Nine Months Ended September 30, 2016



No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage

 4 

 

$

 133